CHENNAI THURSDAY OCTOBER 10, 2019 `5.00 PAGES 26 LATE CITY EDITION 3 WIN NOBEL FOR WORK ON LITHIUM-ION BATTERIES Chemistry Nobel 2019 was shared by US’s John Goodenough, Britain’s Stanley Whittingham and Akira Yoshino of Japan AKIRA YOSHINO STANLEY WHITTINGHAM JOHN B. GOODENOUGH EQUAL CONTRIBUTION BY ALL THREE OLDEST TO WIN A NOBEL PRIZE Seeking an alternative source of power during the oil crisis of the 1970s, Whittingham discovered a way to harness the potential energy in lithium, a metal so light it floats on water. Goodenough built on Whittingham’s prototype, doubling the potential energy of the battery. Yoshino used a carbon-based material to store lithium ions, making it commercially viable ■ ■ ■ Goodenough, 97, holds the Cockrell Chair in Engineering at the University of Texas at Austin. He is the oldest to win a Nobel Yoshino, 71, is a professor at Meijo University in Nagoya, Japan Whittingham, 77, is a professor at the Binghamton University, State University of New York | P18 PRIZE THE TRIO WILL SHARE THE 9 MN SWEDISH KRONOR ($914,000 ) PRIZE CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI K-punch on Xi before Mahabs talks Reference to UNSC resolutions in Xi-Khan jt statement upsets India; Xi’s arrival on Friday for two-day informal talks formally announced Lights, cameras & graffiti: City gears up to welcome PM, Xi C S H I V A K U M A R & O M J A S V I N M D @ Chennai Security beefed up at Mahabalipuram ahead of PM Narendra Modi and Chinese President Xi Jinping’s meeting | SHIBA PRASAD SAHU EXPRESS NEWS SERVICE @ New Delhi TWO days before Chinese President Xi Jinping lands in Chennai for the second informal summit with Prime Minister Narendra Modi in Mamallapuram, India hit back strongly at Beijing for a reference on Kashmir during Xi’s talks with Pakistan Prime Minister Imran Khan on Wednesday . “It is not for other countries to comment on the internal affairs of India,” India’s Ministry of External Affairs (MEA) spokesman Raveesh Kumar said, adding that New Delhi’s “position has been consistent and clear that J&K is an integral part of India. China is well aware of our position.” What apparently annoyed India was China’s reference to the UN Charter and the UN Security Council resolutions on Kashmir in the joint statement released after the Xi-Khan summit. On Tuesday, the Chinese foreign ministry had said Kash- Huge trade deficit to figure in talks India is expected to take up with China its concerns over its trade deficit touching $57.86 billion Trade and non-trade barriers are impeding ties, China to be told China’s refusal to accept international certifications, such as USFDA for Indian drugs, could also be flagged mir should be settled bilaterally, omitting references to the UN, which was erroneously read as a softening of stance. The joint statement said, China was paying close attention to the current situation in J&K, adding: “The Kashmir issue is a dispute left from history and , should be properly and peacefully resolved based on the UN Charter, relevant UN Security More bad news as indicators suggest distress may linger E X P R E S S N E W S S E R V I C E @ New Delhi WITH the International Monetary Fund (IMF) agreeing that the global downturn is “more pronounced” in large developing economies like India, analysts forecast continued poor performance by India Inc in the second quarter. Heralding more bad news for India on the economic front, the World Economic Forum said on Wednesday that the country has slipped 10 places in the global competitive index as rivals performed better. Meanwhile, a report by Edelweiss Securities paints a bleak picture for India Inc. According to the report, corporate India’s revenue and profits are set to decline 3% and 6%, respectively in the second quarter. , On a sequential basis, the decline is pegged at 4% and 6%, respectively In fact, . revenue growth of most sectors is likely to moderate with only pharma and banks likely to grow over 10%, Edelweiss added. In another development, the Association of Mutual Funds of India has reported that outflows in debt schemes have pulled down mutual funds’ assets under management by end-September by nearly `1 lakh crore to `24.50 lakh crore. IMF predicts slower growth in 2019 globally. “The global economy is now in a synchronised slowdown. This means that growth this year will fall to its lowest rate since the beginning of the decade,” IMF’s new managing director Kristalina Georgieva said. The IMF chief urged the use of monetary policy wisely to improve financial stability . “Now is the time for countries with room in their budgets to deploy — or get ready to deploy — fiscal firepower. In fact, low interest rates may give some policymakers additionP15 al money to spend,” she said. INDIA SLIPS ON COMPETITIVENESS Country’s rank down 10 notches in 2019 to 68th position Council resolutions and bilateral agreements. China opposes any unilateral actions that complicate the situation.” India’s strong response to China came on a day Xi’s visit to India was officially announced. The MEA said the informal summit in Chennai will provide an opportunity for the two leaders to continue their discussions on overarching issues of bilateral, regional and global importance and to exchange views on deepening development partnership. Accompanied by Foreign Minister Wang Yi, Xi is expected to arrive on Friday afternoon. Modi will accompany Xi to the world famous Shore temple complex where a meeting is scheduled. Xi will also visit some major sites around before witnessing a cultural programme and attend a dinner in his honour. On Saturday, both leaders would have one-on-one meetings followed by delegation level talks before Xi emplanes for Nepal. Source: World Economic Forum TURKEY Kobani Akcakale Ras al-Ain Tal Abyad al-Roj Hasakah Aleppo Ain Issa Raqqa Kurdish-led Autonomous Administration Deir ez-Zor SYRIA al-Hawl Turkey’s proposed ‘safe zone’ — about 20 miles from border Dashisha I R AQ EUPHRATES RIVER Camps for ISIS suspects’ familes Prisons for ISIS captives Observation posts evacuated by US forces U.S. OUT OF THE WAY, TURKEY ATTACKS KURD-HELD SYRIA EXPRESS NEWS SERVICE TURKEY on Wednesday launched an aerial assault on Kurdish positions in northern Syria, days after President Donald Trump pulled back US troops from the border that served as a buffer zone. Trump’s decision had led to outrage as it was seen as green-lighting the anticipated Turkish assault since the Kurds were US allies and were holding thousands of Islamic State (ISIS) terrorists as prisoners. Turkish President Recep Tayyip Erdogan announced the start of the attack on Twitter, calling it Operation Peace Spring. Shortly thereafter, warplanes bombed the Ras al-Ain border area, which had observation posts manned by US troops before they were evacuated on Monday “Our mission is to prevent the creation of a . terror corridor across our southern border, and to bring peace to the area,” Erdogan claimed, adding the operation would target Kurdish militants and the ISIS. Erdogan said the operation was meant to create a ‘safe zone’ free of Kurdish militias to house Syrian refugees. Of its 3.6 million Syrian refugees, Turkey wants to relocate 2 million to the ‘safe zone’ it wants to annex. Turkish ground forces are waiting on the border for the expected invasion. Left to fend for themselves by a callous ally the Kurds , urged civilians to fight the assault, adding they will blame the US and the international community for any humanitarian crisis. In Ras al-Ain, Kurdish-led security forces set up new checkpoints to face the attack. IT’S A BAD IDEA, SAYS TRUMP After all the mess he created, President Donald Trump said the US does not endorse Turkey’s military assault on Kurdheld Syria. In a written statement, he called the attack a bad idea. Also, EU chief Jean-Claude Juncker told Turkey the bloc would not pay for any so-called ‘safe zone’ Sedition FIR off, lawyer who sought it booked R A J E S H K U M A R T H A K U R @ Patna AFTER his five seconds of fame by getting 49 eminent personalities booked for sedition, Muzaffarpur lawyer Sudhir Kumar Ojha was at the wrong end of the Bihar Police’s stick on Wednesday as it went after him for falsely implicating the celebs. While ordering closure of the forst information report (FIR) against the 49 celebrities, who had written an open letter written to Prime Minister Narendra Modi sharing concern over the rising incidence of hate crime in India, including mob SECTOR-WISE PERFORMANCE Market size (3rd) Transport (28th) Innovation (35th) Financial sector (40th) Macroeconomic stability (43rd) Corporate governance (59th) Banking system (89th) Product market efficiency (101st) Electricity (103rd) Skills base (107th) Life expectancy (109th) ICT adoption (120th) Women work force (128th) Trade openness (131st) WITH just hours left for one of the mostawaited meetings in the State history, frenzied activity is underway to set the stage in Mamallapuram. The Chennai Airport is being spruced up to welcome President Xi Jinping and Prime Minister Narendra Modi for the two-day informal India-China summit. Six bays have been reserved for the visit, says airport director Sreekumar. “Three bays for fixed wing aircraft and three for helicopters.” The aircraft carrying Xi Jinping is likely to arrive at 2.30 pm, while Modi is expected to arrive by Welcome the 12.30 pm. While Modi dignitaries, will take the aerial says CM r o u t e t o M a m a l Describing the lapuram, Xi may travsummit as a el by land or air. historic event, Walls around Gate-5 Chief Minister of the airport are now Edappadi K covered with paintPalaniswami on ings highlighting InWednesday dia-China cultural appealed to the t i e s, s ay s o u rc e s. people of Tamil Beautification works Nadu to around the airport are welcome both also nearly complete. leaders An old building near wholeheartedly the Meenambakkam police station has been converted into a park. A footpath has been laid and walls have been painted with colourful graffiti. From the airport, Modi will travel by air till Thiruvidanthai, 20 km away from Mamallapuram. He will be staying at a top resort in Covelong. Security has also been beefed up near a popular star hotel at Guindy . No stone is being left unturned by security agencies. Surveillance cameras have been fixed every 50-100 metres on the East Coast Road. Resorts have been asked to double-check their entries. P3 Derik Qamishli CASE HISTORY Ojha had alleged that celebrities like Adoor Gopalkrishnan, Ramchandra Guha and Mani Ratnam had attempted to create a communal divide and their views had harmed the nation On the directions of a local court, the FIR was lodged under IPC sections related to sedition, public nuisance, hurting religious feelings and insulting with intent to provoke breach of peace lynching, the police decided to book Ojha for framing them up. Ojha is to be charged under sections 182 and 211 of the CrPC (intentionally lodging a false case that lacked substance or proof of sedition). Additional Director General (ADG) Headquarters Jitendra Kumar said, “Muzaffarpur SSP Manoj Kumar had supervised the FIR against the celebs and found it was false. He has ordered the closure of the case as investigations failed to establish sedition charges ag ainst the accused.” During investigation, the complainant could not produce supporting documents or evidence, not even the alleged letter written by the 49 eminent people, which may support his claim of commission of any offence, Jitendra Kumar revealed. “On this and other circumstantial basis, the case was found to be false,” he added. Ojha had named Bollywood personalities like Kangana Ranaut, Madhur Bhandarkar a n d Vive k A g n i h o t r i a s witnesses. SEAPLANE SEIZED Bank gets innovative, spreads wings to recover dues E X P R E S S N E W S S E R V I C E @ Kochi IN perhaps a first-of-its-kind move in the Indian banking industry, Kerala-based Federal Bank has invoked provisions of the Insolvency and Bankruptcy Code to take over a seaplane to recover dues from its owner. Seabird Seaplane Ltd, a Kochi-based seaplane company , owed more than `6 crore to the Federal Bank. “The provisions of the Sarfaesi Act do not envisage taking over an aircraft. Hence, we used the provisions of the new insolvency code to recover the loan dues,” said the private bank’s Senior VicePresident Babu K A, who led the recovery procedure. The seaplane was taken into custody from the Kochi airport Federal Bank officials with the seized Seabird Seaplane at Cochin Intl Airport | EXPRESS by NCLT-appointed insolvency professional Jose K K The carrier, which launched services to Lakshadweep in 2015, later fell on hard times and defaulted on the loans tak- en from the Aluva-headquartered lender. Officials said a new amphibious aircraft has a market rate of `13 crore. “This aircraft of Seabird Seaplane will be worth at least `8 crore. We will appoint a valuer to calculate its worth, and it will be sold to interested parties to recover our dues,” said Sajan Philip Mathew, vice-president, Federal Bank. He said there were buyers for the aircraft at `8-9 crore, but the company refused to sell it and clear the dues. This is not the first time that the bank has taken over assets of defaulting companies but the bank has been using the provisions of the Sarfaesi Act to take over commercial property . In 2017, the bank had taken over two luxury resorts — Elephant Court and Peppervine — in Thekkadi after their promoters defaulted on loans worth `36 crore. EXPRESS READ TNCA barred from attending BCCI AGM Chennai: The cricket associations of Tamil Nadu, Haryana and Maharashtra have been barred from attending the October 23 BCCI annual general meeting for being non-compliant. The Tamil Nadu body will move court once the final list is released on Thursday. IOA, ministry spar over Sports Code Chennai: Certain clauses of the proposed Sports Code has the IOA and other stakeholders up in arms. Some of the clauses include restricting tenures of office bearers and preventing politicians from running sporting bodies. RBI blocks Indiabulls firm-LSB merger plan New Delhi: In a setback to Indiabulls Group’s plans to enter banking, RBI on Wednesday rejected its proposed merger with troubled private sector lender Lakshmi Vilas Bank. RBI had recently imposed restrictions on Lakshmi Vilas Bank due to its weak financial health P15 DA for Central govt staff hiked to 17% New Delhi: Bringing cheer to over 50 lakh central government employees and 65 lakh pensioners ahead of Diwali, the Cabinet on Wednesday approved a hike in their dearness allowance and relief from 12 per cent to 17 per cent. 10 SACKED Unholy nexus of hosp & ‘108 ambulance’ workers? EXPRESS NEWS SERVICE @ Chennai GVK Emergency Management and Research Institute, the agency that operates ‘108’ ambulance service for the State Health Department, has sacked 10 and suspended 11 staff members after an inquiry revealed that the workers were taking patients to a particular private hospital in the city The hospital was . allegedly offering the workers a commission. The HR team of the agency began a probe following a tip-off from an insider that a few ambulance staff were getting money from a private hospital and taking patients there, an official source said. Totally 21 staff were inquired. , Among them, 10 were removed from service after allegations were proved. The agency also placed 11 others under suspension and further inquiry is on. The team is collecting more evidence against them. They also will be sacked if charges are proved. The health department also will conduct a separate inquiry and take acP2 tion, source added.
Express Publications (Madurai) Limited publishes the prestigious English language newspaper The New Indian Express from 21 centres in Tamil Nadu, Karnataka, Andhra Pradesh, Kerala and Orissa.
Express Publications (Madurai) Ltd. also publishes the Tamil daily Dinamani, Cinema Express (Tamil) and Malayalam Vaarika (Malayalam). Through a sister company, Kannada Prabha Publications Ltd., it publishes the Kannada daily Kannada Prabha.
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